FOR SALE
$620,000

85 Paterson Street
Tennant Creek NT 0860

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 993m2
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Solid Investment

This substantial commercial property is positioned on a corner allotment on the main street of Tennant Creek. There is front and side angle parking and plenty of discreet undercover staff parking via a side street. Convenient rear gate access is offered should the need arise.
There are no easements on the 993 sqm allotment and the zoning is C (Commercial) from the NT Planning Scheme Zone.
The property has high visibility from the street with good signage and easy footpath access.
The client reception area is light and bright with large windows and colourful artwork. There are several offices once through the front foyer with a customised layout for the current tenant.
A meeting room complete with kitchenette facilities is located at the rear of the offices while there is a host of additional space for future expansion.
Once through the main office block the building opens into a huge steel warehouse complete with rainwater tank and ablutions block.
A substantial five-year lease was negotiated in July 2021 for the 98 sqm office block with the tenants right of renewal for a further five years. This property represents an exciting investment opportunity for those wanting a secure tenure for the long term.
A self-contained, two-bedroom demountable is discretely fenced off at the rear of the property with a separate and secure tenancy.
At the asking price of $620,000, this represents a healthy gross rental return of just over 10%.
- Substantial commercial property on main street of Tennant Creek
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Property Details for 85 Paterson St, Tennant Creek

Building Type
Commercial
Land Size
993m2

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About Tennant Creek 0860

The size of Tennant Creek is approximately 42.1 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Tennant Creek in 2011 was 3,060 people. By 2016 the population was 2,984 showing a population decline of 2.5% in the area during that time. The predominant age group in Tennant Creek is 20-29 years. Households in Tennant Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tennant Creek work in a professional occupation. In 2011, 34.6% of the homes in Tennant Creek were owner-occupied compared with 29.7% in 2016.

Tennant Creek has 1,513 properties. Over the last 5 years, Houses in Tennant Creek have seen a 23.62% increase in median value, while Units have seen a 173.35% increase. As at 30 September 2024:

  • The median value for Houses in Tennant Creek is $264,190 while the median value for Units is $160,659.
  • Houses have a median rent of $440.
There are currently 3 properties listed for sale, and 1 property listed for rent in Tennant creek on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Tennant creek.

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Gail Tuxworth
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